On February 2, the price of electrolytic cobalt rose Yuan 7,064/t to Yuan 415,309-416,273/tonne from the previous trading day. In addition, the prices of cobalt sulfate and cobalt chloride both remained stable at Yuan 95,500/t-98,500/t and 115,000-119,000/t respectively. Cobalt Sulfate Market: Prior to the Chinese New Year, downstream buyers exhibited weaker purchasing sentiment. While electrolytic cobalt futures continued to edge higher in a slight technical recovery, market inquiries were frequent but actual transactions remained limited. Supported by elevated raw material costs, cobalt sulfate producers kept their offers largely steady with little willingness to lower prices to stimulate sales. With both buyers and sellers holding their ground, market transactions were sparse.